LED is LCD, it boils down to different lighting (ccfl vs led) LED's much more efficient and brighter so it comes at a higher premium. Plasma has the edge in refresh rate but lcd's just now making headway on that with the new 240hz panels <--makes a huuuuuge difference.
I don't have much to add about wifi as I have just about all the same features (hulu/Netflix/FB/etc.) with my xbox and wii. I think it's a great feature as you can always do firmware updates virtually pain free.





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